XTX Topco Ltd Acquires Shares of 34,504 ACM Research, Inc. (NASDAQ:ACMR)

XTX Topco Ltd bought a new stake in ACM Research, Inc. (NASDAQ:ACMR - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 34,504 shares of the specialty retailer's stock, valued at approximately $700,000. XTX Topco Ltd owned about 0.06% of ACM Research as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ACMR. Cim LLC lifted its holdings in shares of ACM Research by 8.6% in the 2nd quarter. Cim LLC now owns 16,788 shares of the specialty retailer's stock worth $387,000 after acquiring an additional 1,326 shares during the last quarter. Sei Investments Co. lifted its stake in ACM Research by 6.7% in the second quarter. Sei Investments Co. now owns 21,736 shares of the specialty retailer's stock worth $501,000 after purchasing an additional 1,358 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in ACM Research by 7.6% during the second quarter. The Manufacturers Life Insurance Company now owns 19,454 shares of the specialty retailer's stock valued at $449,000 after buying an additional 1,382 shares during the period. CWM LLC grew its stake in shares of ACM Research by 297.1% during the second quarter. CWM LLC now owns 1,930 shares of the specialty retailer's stock valued at $45,000 after buying an additional 1,444 shares during the last quarter. Finally, Erste Asset Management GmbH purchased a new position in shares of ACM Research in the third quarter worth about $37,000. Institutional investors own 66.75% of the company's stock.

ACM Research Trading Down 2.2 %

Shares of ACMR traded down $0.34 during mid-day trading on Thursday, hitting $15.26. 855,573 shares of the company's stock traded hands, compared to its average volume of 1,472,724. The business's 50-day moving average price is $18.75 and its 200-day moving average price is $19.69. ACM Research, Inc. has a 1 year low of $13.87 and a 1 year high of $34.40. The firm has a market capitalization of $879.07 million, a P/E ratio of 11.82 and a beta of 1.49. The company has a quick ratio of 1.34, a current ratio of 2.37 and a debt-to-equity ratio of 0.10.

ACM Research (NASDAQ:ACMR - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The specialty retailer reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.35. ACM Research had a net margin of 12.38% and a return on equity of 9.07%. The company had revenue of $204.00 million for the quarter, compared to analysts' expectations of $191.18 million. During the same quarter in the previous year, the company earned $0.41 earnings per share. ACM Research's quarterly revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts forecast that ACM Research, Inc. will post 1.12 EPS for the current fiscal year.

Insider Transactions at ACM Research

In other ACM Research news, insider David H. Wang sold 56,250 shares of the stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $17.89, for a total value of $1,006,312.50. Following the completion of the transaction, the insider now owns 654,256 shares in the company, valued at approximately $11,704,639.84. This represents a 7.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Haiping Dun sold 15,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $19.12, for a total value of $286,800.00. Following the transaction, the director now directly owns 774,148 shares of the company's stock, valued at $14,801,709.76. This represents a 1.90 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,244,016 shares of company stock valued at $26,939,953. Corporate insiders own 31.24% of the company's stock.

Wall Street Analyst Weigh In

ACMR has been the subject of several analyst reports. Craig Hallum cut ACM Research from a "buy" rating to a "hold" rating and dropped their target price for the company from $30.00 to $18.00 in a report on Thursday, December 5th. Needham & Company LLC downgraded shares of ACM Research from a "buy" rating to a "hold" rating and set a $25.00 target price on the stock. in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

About ACM Research

ACM Research, Inc, together with its subsidiaries, develops, manufactures, and sells single-wafer wet cleaning equipment for enhancing the manufacturing process and yield for integrated chips worldwide. It offers space alternated phase shift technology for flat and patterned wafer surfaces, which employs alternating phases of megasonic waves to deliver megasonic energy in a uniform manner on a microscopic level; timely energized bubble oscillation technology for patterned wafer surfaces at advanced process nodes, which provides cleaning for 2D and 3D patterned wafers; Tahoe technology for delivering cleaning performance using less sulfuric acid and hydrogen peroxide; and electro-chemical plating technology for advanced metal plating.